Ind. Code § 24-13-1-3

Current through P.L. 171-2024

Section 24-13-1-3 - "Commercially reasonable terms"

"Commercially reasonable terms" means the repurchase of current and marketable inventory within twelve (12) months after the date of purchase at not less than ninety percent (90%) of the original net cost, less appropriate set-offs and legal claims, if any.

IC 24-13-1-3

Added by P.L. 105-2017,SEC. 3, eff. 7/1/2017.